A mere two months after speaking confidently of its latest pivot, Ensogo CEO Krzysztof Marszalek has stepped down and the company is closing all its SEA e-commerce units. Karamjit Singh has the story, including why this is a rare failure for Patrick Grove.
While most of the startup ecosystem hails the Alibaba deal for Lazada as being positive, Karamjit Singh presents two different views about its impact.
Malaysian e-commerce startup FashionValet has raised an undisclosed multimillion-dollar Series B from Japan’s Start Today, which its CEO Fadzarudin Anuar describes as ‘smart money.’
Three aspiring entrepreneurs are getting fully paid entries into the MBA programme at INTI International University as winners of the #MyUberPitch pitching competition.
Having gone ‘physical’ in July, FashionValet finds that 10% of its online customers prefer to collect their items from its physical store.
The chutzpah of FashionValet’s founder when up against a stronger funded competitor such as Zalora has Karamjit Singh wondering what Founder Institute’s Adeo Ressi will discover about the essence of the startup founder.
FashionValet founder Fadzarudin Anuar feels that his e-commerce site has hit all its low-hanging fruit and needs a new customer base – which he found offline. Karamjit Singh has the story.
FashionValet founder Fadzarudin Anuar talks to Karamjit Singh about his game plan to expand the business after receiving ‘multimillion dollars’ in funding from Elixir Capital via its ECM Straits Fund.
The husband-and-wife team behind Malaysia’s online shopping destination FashionValet has much to celebrate about, announcing a multimillion-dollar investment led by Elixir Capital, a global private equity firm based in Silicon Valley, California. The actual amount was not disclosed.